Last C$0.26 CAD
Change Today -0.01 / -3.77%
Volume 102.9K
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As of 3:59 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

garibaldi resources corp (GGI) Snapshot

Open
C$0.25
Previous Close
C$0.27
Day High
C$0.26
Day Low
C$0.23
52 Week High
07/10/14 - C$0.33
52 Week Low
11/7/13 - C$0.08
Market Cap
14.9M
Average Volume 10 Days
51.2K
EPS TTM
C$-0.03
Shares Outstanding
58.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GARIBALDI RESOURCES CORP (GGI)

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garibaldi resources corp (GGI) Details

Garibaldi Resources Corp., an exploration stage company, is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. It explores for gold, silver, and base metal deposits. The company holds interests in various projects located in Sonora and Chihuahua states, Mexico. It also has interests in mineral properties located in British Columbia, Canada. Garibaldi Resources Corp. was incorporated in 1993 and is headquartered in Vancouver, Canada.

Founded in 1993

garibaldi resources corp (GGI) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$144.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: C$144.0K
Compensation as of Fiscal Year 2013.

garibaldi resources corp (GGI) Key Developments

Garibaldi Resources Corp. Provides Updates on Phase 2 Diamond Drilling at its Silver Eagle Target in Central Sonora State

Garibaldi Resources Corp. reported that as Phase 2 diamond drilling continues at its Silver Eagle target (Rodadero North Project) in central Sonora State, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01. Phase 1 drilling confirmed a shallow high-grade mineralized system open in all directions at Silver Eagle and apparently widening to the south toward the Reales area. Further work is continuing to determine the relationship between the Silver Eagle and Reales targets. Assays from a total of 23 rock samples selected 1.5 km to 3 km south of Silver Eagle ranged from 6.5 g/t Ag to 549 g/t Ag, and from 0.15% Pb to 14.9% Pb. Average values from these selected dump, grab and channel samples were 117 g/t Ag and 4.9% Pb. Four of the samples from Reales central also returned elevated copper values ranging from 0.16% in sample no. 121036 to 0.66% Cu in sample no. 865080. Two samples (26149 and 865080) from Reales central returned zinc grades of 1.8% and 0.49%, respectively. Sampling will soon be carried out over the northern section of Reales and additional areas throughout the target.

Garibaldi Confirms Discovery of Shallow High-Grade System At Silver Eagle Target in Mexico

Garibaldi Resources Corp. reported that several additional diamond drill holes have confirmed the discovery of a shallow, high-grade mineralized system with apparent open-pit potential at the company's Silver Eagle target (Rodadero North Project) in central Sonora State, Mexico. A second stage of drilling is starting immediately with SE-14-07 and will continue through the Mexican rainy season. Highlights: Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions; SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters' depth while the most recent hole (SE-14-06) - the farthest step-out from previously reported discovery hole SE-14-01 - has produced the widest mineralized intercept to date; Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/tAu) as explained further in this update; As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.

Garibaldi Resources Corp. Reports Progress at the Silver Eagle Target, Rodadero North in Central Sonora State, Mexico

Garibaldi Resources Corp. provided the progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure. Following the discovery of a 7-meter section grading 2,010 g/t Ag (65 oz/ton) in hole SE-14-01, and after encountering exceptionally hard mineralized sulphide bearing quartz rock in SE-14-02 (collared 50 meters to the south), Garibaldi contracted a commercial diamond drill rig to complete the second hole. The larger rig using HQ core is successfully penetrating the rock within the target zone at Silver Eagle and is also providing better core recovery than the company-owned diamond drill. Mineralization at Silver Eagle consists of an apparently flat-lying silicified zone or cap of brecciated rock exposed on a hill. Mineralized structures cross this silicified zone and may form a tabular root or feeder zone to the silicification. The Silver Eagle target is one of eight prospects defined at Rodadero North along a 10-km NW-SE trend. Garibaldi's regional exploration efforts at Rodadero featured the use of hyperspectral remote sensing technology followed by a ground program of mapping and sampling which produced highly encouraging results. Surface sampling results from Silver Eagle, the first target to be drilled at Rodadero, ranged from anomalous to 1,840 g/t Ag. Of 171 chip samples taken in the area of the silicified cap, 44 (26%) contained 100 g/t or more Ag and 23 (13%) contained more than 300 g/t Ag. Assay results from SE-14-01 drill core demonstrated even higher grades within 30 meters from surface.

 

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